Steris PLC, a company with $2.6 billion in annual revenue, is planning to redomicile from the UK to Ireland due to Brexit. What that means is that, as an Irish company, the Irish tax authorities will collect its taxes going forward and not HMRC. 2/50seekingalpha.com/filing/4225572

8 health providers have warned of medicine shortages in the event of a no-deal Brexit: "we do not believe that the current medicine supply plans will suffice, and we will have widespread shortages if we do not respond urgently." 3/50…33r3krz5b97d1-wpengine.netdna-ssl.com/wp-content/upl…

Pfizer - $100 million on Brexit prep:"Pfizer’s preparations are well advanced to make the changes necessary to meet EU legal requirements after the U.K. is no longer a member state, especially in the regulatory, manufacturing and supply chain areas." 4/50investors.pfizer.com/financials/sec…

AstraZenica estimates its Brexit-related costs at £40 million for duplicate drug testing requirements, and building up product stockpiles. 5/50fiercepharma.com/astrazeneca-br…

Chubb (world's largest publicly traded property and casualty insurance company) is redomiciling from the UK to France. It has already received permission from the french regulator, and aims to complete its move on 1 January 2019. 6/50chubb.com/uk-en/brexit/

Admiral Group is planning to move some of its UK business from Admiral Insurance Company Limited to an entity in Spain, Admiral Europe Compañía de Seguros, S.A, that was set on 20 December 2017. 9/50admiralgroup.co.uk/our-business/c…

A ferry company has brought in 2 new ships, including the "Brexit Buster" ship Celine (600 truck capacity, world's largest short sea roll-on roll-off ferry). Idea is to bypass the UK and send freight directly from Ireland to Belgium and Spain. 10/50irishtimes.com/news/ireland/i…

SwissQuote cancelled its expansion plans in London after Brexit, and instead bought a bank in Luxembourg [article in French] 11/50bilan.ch/finance/swissq…

JPMorgan and other leading US banks are getting ready to shift over 250 billion euro in assets from London to Frankfurt. 13/50bloomberg.com/news/articles/…

A hard Brexit may increase the price of Dutch plants by 50% due to customs delays, additional safety tests and red tape. But they can’t easily be replaced by increased UK production since 90% of shoots come from abroad. 14/50politico.eu/article/dutch-…

XL Insurance Company SE (a company writing over £2 billion/year in insurance premiums) is moving from the UK to Ireland in January 2019 due to Brexit (the move is explicitly described as due to Brexit in its annual accounts). 15/50beta.companieshouse.gov.uk/company/SE0000…

Bank of America has spent between $300 and $400 million preparing for Brexit, including establishing new subsidiaries in Paris and Dublin, moving staff etc. Exact cost not yet clear as project is ongoing. 16/50bloomberg.com/news/articles/…

So many firms are stockpiling food against the disruption of Brexit that a cold storage company has now completely run out of room... 17/50bbc.co.uk/news/uk-wales-…

Brexit is killing a crucial source of tech funding: "Funding for UK tech firms by the European Investment Fund (EIF) fell by 91 per cent during 2017 to €61.1m (£53m) compared with €708.8m the previous year." 18/50inews.co.uk/news/technolog…

DEXEU (the Brexit Ministry) has spent over £100 million (estimated) on staffing costs since the referendum. That figure's just for the people in the department, and doesn't account for any other costs... 19/50gov.uk/government/pub…

Insurer Hiscox spent US$15 million (£11.5 million) in preparations against a no-deal Brexit (it will also transfer some business to Luxembourg). 20/50telegraph.co.uk/business/2018/…

Government has spent £5.5 million keeping Manston Airport open in case it's needed as additional overflow lorry parking after Brexit. 22/50bbc.co.uk/news/uk-englan…

Corporate Sterling-denominated bond sales have slumped 34% this year, as companies put off investing in the UK due to Brexit uncertainty. 23/50bnnbloomberg.ca/brexit-may-ris…

Royal & Sun Alliance Insurance plc is moving approximately 6% of its insurance and reinsurance business to a new legal entity in Luxembourg, with the intention that the move be effective 1 January 2019. 24/50rsagroup.com/support/brexit…

AIG operates in Europe through a single legal entity established in the UK (with branches across Europe). They are restructuring their business because of Brexit, and moving all non-UK business to a Luxembourg entity (planned by December 2018). 25/50aig.be/microsites/bre…

European Medical Agency (EMA), Europe's medicines regulator, is moving from London to Amsterdam. It used to employ close to 900 people in London. It's had to cut its short-term service offering as it will lose at least 30% of staff during the move. 26/50pharmaphorum.com/news/ema-cuts-…

The Government has 7000 civil servants working on Brexit, plus Treasury funding for 9000 more. (Just imagine the mountains of red tape they're generating, and the forests being decimated to print it all...) 28/50gov.uk/government/pub…

GSK Brexit prep spend: "We currently anticipate that the cost to implement these and other necessary changes could be up to £70 million over the next two to three years, with subsequent ongoing additional costs of approximately £50 million per year." 29/50gsk.com/media/4751/ann…

A major financial firm, CME Group's BrokerTec, is leaving London for Amsterdam because of Brexit, taking its $240 billion/day repo market with it. 30/50bloomberg.com/news/articles/…

British hauliers are already having to turn down contracts worth hundreds of thousands of pounds because of uncertainties surrounding a no-deal Brexit. 31/50thesun.co.uk/news/7676717/b…

The Government estimates that it will cost the chemicals industry £450 million to reregister chemicals under a post-Brexit regime. (That's just to replicate the status quo.) 33/50publications.parliament.uk/pa/ld201719/ld…

Tokio Marine Group is using a "Part VII transfer" to transfer business from two UK-based subsidiaries (Tokio Marine Kiln Insurance Limited, and HCC International Insurance Company Plc) to a Luxembourg entity. 35/50tokiomarinekiln.com/about-us/brexi…

QBE Limited is reorganising the affairs of several of its group companies, using the Part VII mechanism, in order to be ready for Brexit. Follow the link for details of its plans to move business to Belgium. 36/50qbeeurope.com/qie-rnice-part…

Once we're out of the EU, we'll be cut out of the pan-EU transport strategy (which unlocks billions of euro in grants and other funding). Indeed, EU transport maps will be redrawn (policy-wise, not literally!) so that the UK doesn't appear any more. 37/50eur-lex.europa.eu/legal-content/…

XTX Markets is establishing a new office in Paris for post-Brexit trade (it is keeping its London office). [Article in French] 38/50usinenouvelle.com/article/la-pla…

New Look (fashion retailer) are closing a further 25 stores (85, up from planned 60 store closures) citing "significant headwinds and uncertainties, including Brexit". 40/50bbc.co.uk/news/business-…

Schaeffler, a car parts company, is closing two UK factories, in Llanelli, Wales, and Plymouth (affecting 570 jobs) because of Brexit. 41/50theguardian.com/business/2018/…

Haulage companies face entering a lottery for scarce permits to continue doing business internationally post-Brexit, after the Government admits there are less than 10% of the needed number of permits to go around. 42/50ft.com/content/dd8a1c…

Hiscox are transferring some aspects of their business to Luxembourg, and expect the Part VII transfer to complete by 1 January 2019. "The Transfer will move £421.5m of liabilities (and the corresponding assets) from HIC to HSA." 44/50hiscoxgroup.com/sites/group/fi…

Scotland Yard is having to spend £2.4 million on setting up a no-deal Brexit "safety net unit" after Government ignored its reasoned warnings over how Brexit would make the UK less safe. 45/50theguardian.com/politics/2018/…

The Customs Declaration Service (CDS) is a major new HMRC IT system meant to replace existing customs systems. Supposed to be ready by January 2019. Delays mean it won't be ready by Brexit Day. Old and new systems will have to run in parallel. 46/50cbronline.com/news/brexit-it…

Home Office private beta of its new EU citizen registration system took nearly 2 weeks to process just 1,053 applicants (despite testing relatively "easy" batches of applicants). Full system will need to handle over *3 million* people in 2 years. 47/50gov.uk/government/pub…

Barclays is moving €250 billion of business to Dublin ahead of Brexit, making it Ireland's largest bank. It has already bought a huge gleaming new office building there in preparation. 48/50irishtimes.com/business/finan…

Finally, on a lighter note, Ladybird have finally "done" Brexit as part of their Ladybird for Grown-Ups series. The book brings together nostalgic classic paintings with some hard-nose, biting satire. Good early Christmas present, e.g. Secret Santa? 50/50amzn.to/2RbT3e9

Thanks for reading this far. Hope you found this thread informative. Please retweet it if you did, and help spread the word! People need to understand that the Brexit consequences are real, and happening already. Once businesses leave, they won't be back. Time for Project Fact.

Added: if a lot of the companies in this thread seem to be in the service sector, that may be because the Government is explicitly not protecting services in its negotiations (based on Chequers) the way it is trying to do for goods...

Added: if you made it all the way here, there’s a ton more truths about Brexit in the compilation thread embedded below (about 20% overlap with this thread). It goes into great detail on many aspects of Brexit, including the meaning of WTO trade & no-deal.

A few thoughts on alternatives to Brexit...
- Bring in proportional representation
- Cancel HS2 and spend the tens of £billions on improving *regional* rail and other transport links
- Turn the HOL into an entirely elected second chamber (its oversight function is useful)

- Recognise the merit of a booming economy in London and the SE. Celebrate it and nurture it. Then milk the cash cow and spread that delicious cream across the whole of the UK.
- Foster an entrepreneurial mentality that rewards a "British Dream" (parallels to the American Dream)

- End the culture of secrecy in Government, except in cases of genuine national security. Transparency and accountability at every level. Shine a bright light into the darkest corners.
- Set up a "regional sifting committee" to vet all large infrastructure projects to ensure that

Government is trying to foist the blame for any Brexit chaos in the adult social care sector off on local authorities and directors of adult social care facilities. This from the letter sent to them on 21 December last year... (Full letter at link below.)gov.uk/government/pub…

More from the letter:
" Many of these issues will have either a direct or indirect impact on councils and it is also possible that they will have a financial consequence for providers."

More from the letter (doubling down on the "legal" bit):
"I encourage you to work closely with your adult social care providers, in line with your legal market shaping duties, to assure yourself that any impact on providers can be managed locally."

Today it’s time to highlight that the negative impact of #Brexit on EU citizens isn’t just a story about individuals, but also of how families and loved ones are affected. Deal or not, they too are #AlreadyNotFine. Like Juliette and her family. 1/

1) Thread - It's not the Manifesto stupid, Why John McDonnell wants #Brexit
Interesting interview with JMcD on #Marr this morning. He talked about nationalisation of water companies but used "speculators" as a term quite liberally.
So what? Well, pull up a chair

2) however, let's say we do renationalise water, and gas & electricity. Ok, unlike rail (where the rail network is already nationalised & franchises simply expire & can be taken back) the utility companies are real industries with a market value

3) now, regardless of the wisdom (?) of privatisation, it happened, 30 years ago and we are where we are now. Labour would need to buy back these companies at that market value. That's a lot of money to find, a very long term bet and a lot of cash post #Brexit

2/ "[...] the report on the state of the negotiations that I got from Michel Barnier today, as well as yesterday's debate in the House of Commons, give me no grounds for optimism before tomorrow's European Council on Brexit." you said today. After 844 days #inLimbo we are scared

3/ The no-deal preparedness notes published by the @EU_Commission on July 19th effectively told us that there will be no agreement in place, that we should prepare for no deal and that we will have to fend for ourselves aided by information provided by our embassies

Here are some of the key findings from the report in slide form.
First an overview of the study itself:
Rich qualitative data (online survey & focus groups) gathered across the Central Border Region. Detailed examples & viewpoints heard from people on both sides of #border.
2/10

Respondents to the survey came from across the 8 local authority areas of the Central Border Region, moreorless equally from both sides of the border. 50/50 male/female. 80% 31-65 yrs.
There were far fewer Leave-voting respondents so they got extra attention in our analysis.
3/10

THREAD: This morning, during the review of the Sunday papers, Andrew Marr referred to Tory MPs who are considering rebelling against the govt on Brexit as “Tory hardcore Remainers” ffs #Marr

2/ This terminology is disgraceful gaslighting. It confirms yet again that many senior figures at the BBC have swallowed the Brexiters’ narratives, rather than exercising the independent critical judgement that we licence payers are entitled to expect.

3/ We can debate whether pro-Brexit narratives are regurgitated by the BBC because of bias, acquiescence in the face of bullying, or (my pet theory) an undeclared paternalistic view that continuing Brexit debate is “divisive” & the BBC’s role is to heal & unify a divided country.